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13870 Stead Blvd

21,300 SF 100% Leased Retail Building Reno, NV 89506 $5,267,550 CAD ($247 CAD/SF) 6.91% Cap Rate

Investment Highlights

  • (3) Buildings and 1-acre + of undeveloped land
  • Price Reduction for Quick Sale!!
  • 100% Leased with value-add land

Executive Summary

AGGRESSIVE PRICE REDUCTION......Priced at a 7% CAP rate on the income + NO COST for the undeveloped acre of land
Great Northern Nevada NNN investment portfolio. Includes (3) buildings; 13870, 13880, 13890 and an acre of undeveloped land. Seller has started civil and architect plans for developing land into (3) 5,000 SF warehouses.

Attachments

Stead Blvd OM

Property Facts

Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,300 SF
Building Class
C
Year Built
1993
Price
$5,267,550 CAD
Price Per SF
$247 CAD
Cap Rate
6.91%
NOI
$363,812 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Land Acres
3.15 AC
Zoning
GC
Frontage
112 ft on Stead Blvd

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
086-101-39
Land Assessment
$294,049 CAD
Improvements Assessment
$920,698 CAD
Total Assessment
$1,214,747 CAD
  • Listing ID: 31184228

  • Date on Market: 2024-03-11

  • Last Updated:

  • Address: 13870 Stead Blvd, Reno, NV 89506

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